REGISTERED NUMBER: 02086312 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Morgan Roofing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W Morgan

N D Morgan

A J Morgan

SECRETARY:

R Davies

REGISTERED OFFICE:

Woodside Works

Usk

Monmouthshire

NP5 1SS

REGISTERED NUMBER:

02086312 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Tangible assets

5

195

357

CURRENT ASSETS

Debtors

6

370,349

335,442

Cash at bank

31,986

12,735

402,335

348,177

CREDITORS

Amounts falling due within one year

7

386,435

332,408

NET CURRENT ASSETS

15,900

15,769

TOTAL ASSETS LESS CURRENT LIABILITIES

16,095

16,126

PROVISIONS FOR LIABILITIES

68

68

NET ASSETS

16,027

16,058

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

15,027

15,058

SHAREHOLDERS' FUNDS

16,027

16,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

N D Morgan - Director

A J Morgan - Director

1.	STATUTORY INFORMATION

Morgan Roofing Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 02086312 and the address of its registered office is Woodside Works, Usk, Monmouthshire, NP15 1SS.

These financial statements are the company's separate financial statements, covering the year to 31 May 2025 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

The accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

2.	STATEMENT OF COMPLIANCE

The individual financial statements of Morgan Roofing Limited have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Turnover, revenue recognition and amounts recoverable on contracts

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Turnover represents the fair value of the sale of materials and services of labour (excluding value added tax) provided during the year on client projects. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients and is based on labour time spent, skills and expertise provided and expenditure incurred.

Uninvoiced turnover on client projects is included in amounts recoverable on contracts. Where on-account billings exceed revenue recognised on client projects, the excess is included as payments on account in creditors.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

1,245

DEPRECIATION

At 1 June 2024

888

Charge for year

162

At 31 May 2025

1,050

NET BOOK VALUE

At 31 May 2025

195

At 31 May 2024

357

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Amounts recoverable on contracts

349,230

253,656

Other debtors

21,119

81,786

370,349

335,442

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

6,283

6,451

Taxation and social security

31

31

Other creditors

380,121

325,926

386,435

332,408

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	RELATED PARTY DISCLOSURES

At the year end, included in creditors is the sum of £377,602 (2024:£323,531) and included in debtors is the sum of £364,650 (2024:£326,543) owed to and by entities under the common control of key management personnel. There is no fixed repayment date on these amounts outstanding and no interest has been charged.